KUWAIT CITY, April 28: Salah Al Fulaij, NBK-Kuwait Chief Executive Officer, said: “NBK has a long history in arranging and leading mega financing deals in Kuwait and the region.”

During the signing ceremony of Clean Fuels project, Al Fulaij affirmed that NBK’s leading role in this consortium is yet another testament of NBK’s strong reputation, professionalism and credibility in the market place.

“The Clean Fuels Project represents a remarkable boost for the prospects of the Kuwaiti economy, reflecting the government’s commitment to continue with the execution of its development plan despite the drop in oil prices”. Al Fulaij added.

He praised the role of Kuwait’s banking sector, which has proved its continuous success and creditworthiness over many decades where it led the finance of Kuwait’s modern economic renaissance since independence.

He also confirmed that the development and infrastructure projects demonstrate the efficiency of the banking sector which was able to provide funding under the toughest conditions. It’s worth mentioning that the banking sector in Kuwait enjoys high liquidity and depth of financial expertise. Allowing it to support better execution of infrastructure projects which in turn reflects positively on the progress of the national economy.